Rising awareness for aircraft recycling among airliners is fuelling the aircraft recycling market growth. The rapidly growing aviation sector in India, China, and Japan is compelling the aviation sector to adopt recycled aircraft parts, which are not only economical but also minimize the environmental impact. Maintenance, Repair, and Overhaul (MRO) providers are investing significantly in recycling aircraft to fulfill the growing need for aircraft parts.
However, difficulty within the recycling of advanced materials utilized in the manufacturing of new-age aircraft like carbon fiber might hinder the market expansion within the coming years. These materials ends-up within the landfill is attributable to the lack of large-scale recycling solutions.
Covid-19 Impact on Aircraft Recycling Market:
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircrafts during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Aircraft Recycling Market Segment Overview
The wide-body segment will account for over one-fourth share within the aircraft recycling market. Airliners generally prefer recycled wide-body aircraft parts attributable to their easy availability and low cost compared to new & original parts and components. With regulations favoring the utilization of recycled aircraft parts, the demand for wide-body aircraft parts and components is predicted to enhance during the forecast timeframe.
Market Analysis, Insights and Forecast – By Aircraft
· Narrow-body
· Wide- body
· Regional
Market Analysis, Insights and Forecast – By Product
· Component
· Material
Aircraft Recycling Market Regional Overview
Region-wise, in terms of regions, the Asia Pacific aircraft recycling market will observe exponential growth till 2027 on account of rising demand for used serviceable materials (USM); proliferating aircraft MRO industry including an increasing number of aging aircraft within the region. Aircraft Recycling International opened a recycling facility in recycling Heilongjiang, China with an annual effective handling capacity of 20 aircraft. Mesco Aerospace India has an upcoming project on aircraft recycling. These trends will prosper the regional market within the coming years.
Aircraft Recycling Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Aircraft Recycling Market Competitor overview
Some key developments and strategies adopted by manufacturers in Aircraft Recycling are highlighted below.
· In April 2020, Aircraft Solutions USA announced that it will be investing USD 100 million to make a replacement aircraft recycling center. The growing demand for recycled aircraft parts from various airlines and aircraft operators around the world is further enhancing the market price
Aircraft Recycling Market, Key Players
· Aircraft Part Out Company
· Aircraft End-of-Life Solutions
· Air Salvage International
· Aviation International Recycling
· Apple Aviation
· Total Technic
· Tarmac Aerosave
· Vallair
· ARC Aerospace Industries
· ADI- Aircraft Demolition & Recycling
· ComAv Technical Services
· Sycamore Aviation
· KLM UK Engineering
· VAS Aero Services and Universal Asset Management Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aircraft Recycling Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Aircraft
- 5.2.1. Narrow-body
- 5.2.2. Wide- body
- 5.2.3. Regional
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. Component
- 5.3.2. Material
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Aircraft Recycling Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Aircraft
- 6.2.1. Narrow-body
- 6.2.2. Wide- body
- 6.2.3. Regional
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. Component
- 6.3.2. Material
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Aircraft Recycling Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Aircraft
- 7.2.1. Narrow-body
- 7.2.2. Wide- body
- 7.2.3. Regional
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Component
- 7.3.2. Material
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Aircraft Recycling Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Aircraft
- 8.2.1. Narrow-body
- 8.2.2. Wide- body
- 8.2.3. Regional
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Component
- 8.3.2. Material
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Aircraft Recycling Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Aircraft
- 9.2.1. Narrow-body
- 9.2.2. Wide- body
- 9.2.3. Regional
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Component
- 9.3.2. Material
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Thales Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Aircraft Part Out Company
- 10.6. Aircraft End-of-Life Solutions
- 10.7. Air Salvage International
- 10.8. Aviation International Recycling
- 10.9. Apple Aviation
- 10.10. Total Technic
- 10.11. Tarmac Aerosave
- 10.12. Vallair
- 10.13. ARC Aerospace Industries
- 10.14. ADI- Aircraft Demolition & Recycling
- 10.15. ComAv Technical Services
- 10.16. Sycamore Aviation
- 10.17. KLM UK Engineering
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
